The biggest upsurge in the last 3 years in various indexes
Ahmedabad. September 20, 2019, Friday
Today, the Finance Minister announced other financial concessions along with a reduction in corporate tax, with the stock market creating a boom in the bull market.
Various indexes rose in the last 3 years, with significant uptick in stock from all sectors, with market sentiment rapidly improving as the government announced various concessions just like the budget today to counter the downturn in the economy and the stock market.
The Nifty Midcap Index today marked the first big day in its history in this fast moving market.
However, studious circles expressed the possibility that the government's move would put pressure on the fiscal deficit. The move will benefit the corporate sector but will also hurt the government treasury.
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